<PAGE>

                                                                    Exhibit 99.1

                                                                     Page 1 of 4


                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B
                         STATEMENT TO CERTIFICATEHOLDERS
                                OCTOBER 17, 2005

<TABLE>
<CAPTION>
            ORIGINAL         BEGINNING                                                                            ENDING
              FACE           PRINCIPAL                                                  REALIZED   DEFERRED      PRINCIPAL
CLASS        VALUE            BALANCE        PRINCIPAL      INTEREST         TOTAL       LOSSES    INTEREST       BALANCE
------   --------------   --------------   ------------   ------------   ------------   --------   --------   --------------
<S>      <C>              <C>              <C>            <C>            <C>            <C>        <C>        <C>
A1        49,000,000.00    24,289,738.71   2,369,123.96      58,092.96   2,427,216.92     0.00       0.00      21,920,614.75
A2        42,300,000.00    42,300,000.00           0.00     133,597.50     133,597.50     0.00       0.00      42,300,000.00
A3        16,100,000.00    16,100,000.00           0.00      63,729.17      63,729.17     0.00       0.00      16,100,000.00
A4        21,600,000.00    21,600,000.00           0.00      98,280.00      98,280.00     0.00       0.00      21,600,000.00
M1        19,000,000.00    19,000,000.00           0.00      90,725.00      90,725.00     0.00       0.00      19,000,000.00
M2        11,000,000.00    11,000,000.00           0.00      59,675.00      59,675.00     0.00       0.00      11,000,000.00
B1        10,000,000.00    10,000,000.00           0.00      62,500.00      62,500.00     0.00       0.00      10,000,000.00
B2         4,000,000.00     4,000,000.00           0.00      25,000.00      25,000.00     0.00       0.00       4,000,000.00
CERT               0.00             0.00           0.00     529,000.99     529,000.99     0.00       0.00               0.00
         --------------   --------------   ------------   ------------   ------------     ----       ----     --------------
TOTALS   173,000,000.00   148,289,738.71   2,369,123.96   1,120,600.62   3,489,724.58     0.00       0.00     145,920,614.75
         ==============   ==============   ============   ============   ============     ====       ====     ==============
</TABLE>

                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE

<TABLE>
<CAPTION>
                        BEGINNING                                                   ENDING
CLASS      CUSIP        PRINCIPAL      PRINCIPAL     INTEREST       TOTAL         PRINCIPAL
------   ---------   --------------   -----------   ----------   -----------   --------------
<S>      <C>         <C>              <C>           <C>          <C>           <C>
A1       68619AAZ0     495.70895327   48.34946857   1.18557061   49.53503918     447.35948469
A2       68619ABA4   1,000.00000000    0.00000000   3.15833333    3.15833333   1,000.00000000
A3       68619ABB2   1,000.00000000    0.00000000   3.95833354    3.95833354   1,000.00000000
A4       68619ABC0   1,000.00000000    0.00000000   4.55000000    4.55000000   1,000.00000000
M1       68619ABD8   1,000.00000000    0.00000000   4.77500000    4.77500000   1,000.00000000
M2       68619ABE6   1,000.00000000    0.00000000   5.42500000    5.42500000   1,000.00000000
B1       68619ABF3   1,000.00000000    0.00000000   6.25000000    6.25000000   1,000.00000000
B2                   1,000.00000000    0.00000000   6.25000000    6.25000000   1,000.00000000
                     --------------   -----------   ----------   -----------   --------------
TOTALS                 857.16611971   13.69435815   6.47746023   20.17181838     843.47176156
                     ==============   ===========   ==========   ===========   ==============
</TABLE>

                               PASS-THROUGH RATES

<TABLE>
<CAPTION>
         CURRENT
        PASS-THRU
CLASS     RATE
-----   ---------
<S>     <C>
A1      2.870000%
A2      3.790000%
A3      4.750000%
A4      5.460000%
M1      5.730000%
M2      6.510000%
B1      7.500000%
B2      7.500000%
</TABLE>

 IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
                           ADMINISTRATOR LISTED BELOW:

                                   Janice Rose
             JPMorgan Chase Bank, N.A. - Structured Finance Services
                                600 Travis, 9 FL
                              Houston, Texas 77002
                    Tel: (713) 216-3068 / Fax: (713) 216-4880
                          Email: Janice.Rose@chase.com

(JPMORGAN LOGO)      COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED.


<PAGE>

                                                                     Page 2 of 4


                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B
                                OCTOBER 17, 2005

<TABLE>
<S>                    <C>                                                      <C>
Section 7.05(a)(i)     Principal Payment Allocable to Holders                     2,369,123.96

Section 7.05(a)(ii)    Interest Payment Allocable to Holders                        591,599.63

Section 7.05(a)(iii)   Servicing Fee                                                183,644.61
                       Indenture Trustee Fee                                          2,719.16
                       Indenture Trustee Expenses                                       964.65
                       Owner Trustee Fee                                                333.34
                       Monthly Backup Servicing Fee                                   5,000.00

Section 7.05(a)(iv)    Beginning Balance of Contracts                           176,298,825.56
                       Ending Balance of Contracts                              173,929,701.60

Section 7.05(a)(v)     Number of Contracts                                               4,007
                       Weighted Average Remaining Term                                     234
                       Weighted Average Contract Rate:                                   9.612%

Section 7.05(a)(vi)    Number and Aggregate Principal Amounts of Contracts in
                          Delinquency inlcuding Repossessions
</TABLE>

                               Delinquency Totals
                                  Group Totals

<TABLE>
<CAPTION>
Period       Number   Principal Balance   Percentage
------       ------   -----------------   ----------
<S>          <C>      <C>                 <C>
30-59 days     36        1,324,667.41        0.76%
60-89 days     16          598,434.29        0.34%
90+days        43        1,827,999.40        1.05%
              ---        ------------        ----
Total          95        3,751,101.10        2.16%
              ===        ============        ====
</TABLE>

Number and Aggregate Principal Amounts of Contracts Repossessed During Reporting
                                     Period

                               Repossession Totals

<TABLE>
<CAPTION>
Number of    Principal
  Loans       Balance    Percentage
---------   ----------   ----------
<S>         <C>          <C>
7           238,079.33      0.14%
</TABLE>

        Number and Aggregate Principal Amounts of Contracts in Inventory

                               Repossession Totals

<TABLE>
<CAPTION>
Number of    Principal
  Loans       Balance    Percentage
---------   ----------   ----------
<S>         <C>          <C>
21          861,006.18      0.50%
</TABLE>

(JPMORGAN LOGO)       COPYRIGHT 2005 J.P.MORGAN CHASE & CO. ALL RIGHTS RESERVED.

<PAGE>

                                                                     Page 3 of 4


                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B
                                OCTOBER 17, 2005

        Number and Aggregate Principal Amounts of Contracts in Bankruptcy

                                Bankruptcy Totals

<TABLE>
<CAPTION>
Number of     Principal
  Loans        Balance     Percentage
---------   ------------   ----------
<S>         <C>            <C>
73          3,308,895.29      1.90%
</TABLE>

<TABLE>
<S>                     <C>                                                 <C>
Section 7.05(a)(viii)   Principal Prepayments                                1,582,666.93
                        Liquidation Proceeds                                   217,375.70

Section 7.05(a)(viii)   Realized Losses
                           Current Period                                      121,507.66
                           Cumulative                                        1,145,095.95

Section 7.05(a)(ix)     Adjusted Note Balances
                           Class M1                                         19,000,000.00
                           Class M2                                         11,000,000.00
                           Class B1                                         10,000,000.00
                           Class B2                                          4,000,000.00

Section 7.05(a)(x)      Interest Payment Amount
                           Interest Distribution - A-1                          58,092.96
                           Interest Distribution - A-2                         133,597.50
                           Interest Distribution - A-3                          63,729.17
                           Interest Distribution - A-4                          98,280.00
                           Available Funds Cap Carry-Forward Amount - A-4            0.00
                           Interest Reduction Amount - A-4                           0.00
                           Interest Distribution - M-1                          90,725.00
                           Available Funds Cap Carry-Forward Amount - M-1            0.00
                           Liquidation Loss Interest Amount - M-1                    0.00
                           Interest Reduction Amount - M-1                           0.00
                           Interest Distribution - M-2                          59,675.00
                           Available Funds Cap Carry-Forward Amount - M-2            0.00
                           Liquidation Loss Interest Amount - M-2                    0.00
                           Interest Reduction Amount - M-2                           0.00
                           Interest Distribution - B-1                          62,500.00
                           Available Funds Cap Carry-Forward Amount - B-1            0.00
                           Liquidation Loss Interest Amount - B-1                    0.00
</TABLE>

(JPMORGAN LOGO)       COPYRIGHT 2005 J.P.MORGAN CHASE & CO. ALL RIGHTS RESERVED.

<PAGE>

                                                                     Page 4 of 4


                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B
                                OCTOBER 17, 2005

<TABLE>
<S>                                <C>                                                 <C>
                                      Interest Reduction Amount - B-1                           0.00
                                      Interest Distribution - B-2                          25,000.00
                                      Available Funds Cap Carry-Forward Amount - B-2            0.00
                                      Liquidation Loss Interest Amount - B-2                    0.00
                                      Interest Reduction Amount - B-2                           0.00
Section 7.05(a)(xi)                Overcollateralization Target Amount                 28,009,086.85

Section 7.05(a)(xii)               Overcollateralization Amount                        28,009,086.85

Section 7.05(a)(xiv)               Trust Certificate Distribution                         529,000.99

Expense Paid to LLC and DRS                                                                   416.03
Servicing Fee Adjustment                                                                  -17,533.91
Miscellaneous Servicing Expenses                                                                0.00
</TABLE>

(JPMORGAN LOGO)       COPYRIGHT 2005 J.P.MORGAN CHASE & CO. ALL RIGHTS RESERVED.